Moelis (FRA:17M) Cyclically Adjusted PB Ratio: (As of Aug. 01, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:17M Moelis & Co FRA:17M
83 GF Score
Price €59.00
GF Value €67.98
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Moelis Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Moelis  (FRA:17M) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Moelis Cyclically Adjusted PB Ratio Related Terms


Moelis Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Moelis's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Moelis Cyclically Adjusted PB Ratio Chart

Moelis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.75 5.83 7.97 7.42

Moelis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.64 7.61 7.42 6.11 0.00

FRA:17M vs PIPR, VIRT, MRX: Cyclically Adjusted PB Ratio Comparison

For the Capital Markets subindustry, Moelis's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Moelis Cyclically Adjusted PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Moelis's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Moelis's Cyclically Adjusted PB Ratio falls into.


FRA:17M
83GF Score
Moelis & Co FRA:17M
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moelis Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Moelis's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Moelis's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=5.903/333.9520*333.9520
=5.903

Current CPI (Jun. 2026) = 333.9520.

Moelis Quarterly Data

Book Value per Share CPI Adj_Book
201609 9.052 241.428 12.521
201612 9.759 241.432 13.499
201703 9.346 243.801 12.802
201706 8.974 244.955 12.234
201709 8.474 246.819 11.466
201712 8.205 246.524 11.115
201803 6.695 249.554 8.959
201806 7.877 251.989 10.439
201809 6.944 252.439 9.186
201812 7.793 251.233 10.359
201903 6.464 254.202 8.492
201906 6.634 256.143 8.649
201909 7.611 256.759 9.899
201912 7.967 256.974 10.354
202003 7.036 258.115 9.103
202006 6.761 257.797 8.758
202009 7.165 260.280 9.193
202012 6.798 260.474 8.716
202103 6.595 264.877 8.315
202106 5.608 271.696 6.893
202109 7.205 274.310 8.772
202112 6.909 278.802 8.276
202203 6.207 287.504 7.210
202206 6.416 296.311 7.231
202209 6.795 296.808 7.645
202212 6.557 296.797 7.378
202303 5.768 301.836 6.382
202306 5.409 305.109 5.920
202309 5.159 307.789 5.598
202312 4.843 306.746 5.273
202403 4.766 312.332 5.096
202406 4.721 314.175 5.018
202409 4.692 315.301 4.970
202412 5.974 315.605 6.321
202503 6.041 319.799 6.308
202506 6.031 322.561 6.244
202509 6.160 324.800 6.334
202512 6.612 324.054 6.814
202603 5.665 330.213 5.729
202606 5.903 333.952 5.903

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Moelis (FRA:17M) Overvalued in 2026?

Based on GuruFocus' analysis, Moelis stock appears to be undervalued. The current stock price of €59.00 is trading 13.2% below its estimated GF Value™ of €67.98. GuruFocus considers Moelis to be Modestly Undervalued.

Key valuation signals for FRA:17M:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €67.98 vs. price of €59.00 (13.2% below fair value)
  • GF Score™: 83/100 with 3 warning signs

No single metric tells the full story. See the FRA:17M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moelis Business Description

Other Exchanges MC:USA
Address 399 Park Avenue, 4th Floor, New York, NY, USA, 10022
Moelis & Co is an independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, financial sponsors, governments, and sovereign wealth funds. The company assists its clients in achieving their strategic goals by offering comprehensive, globally integrated financial advisory services across all industry sectors. It also advises clients on their critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. It generates revenue from advisory transactions. The firm derives a majority of its revenue from the United States, followed by Europe and the rest of the World.
83GF Score

Get the complete analysis for FRA:17M

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€59.00
Price
€67.98
GF Value